Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Investment Info:Small multi-family (2-4 units) buy & hold investment.

2024 was a banner year for our investor clients with eight prime Oregon Coast vacation rentals sold. Four properties were existing STR's that had a permit 'transfer' and the other half were eligible properties that su...

When I worked with a property management company, we had someone buy a unit (single family) that had a STR and marketed it as a STR.

One of my goals is to develop a solid buy box to streamline our underwriting process and make it more systematic.

I tried to look up properties that I could buy using my $6,000 bonus as a down payment but I was living in Los Angeles and couldn’t even buy a shack.

I think with the time you’ll spend working on this, you could find 2-3 existing parks to buy in the meantime and not need to take anywhere near the same risk  

@Kwanza P.Leveraged means using a loan (leverage) to buy the asset. 

To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.

The current average rent on the new buy is $925.